Johnson & Johnson

Estimated jobs: 75, tied to tax credits and to be hired by end of 2018

Job-related tax credits to be paid out over 10 years; Johnson & Johnson has pledged to keep jobs here at least 12 years.

Total Commerce incentives: $4.6 million

Address: One Ship St., Providence, in former law offices under renovation by Wexford Science & Technology

Status: Approved by Commerce 1/23/17.

Project details: The global healthcare company plans to open a health technology center in Providence, where employees will create software applications for healthcare.

Commerce incentives:

Qualified Jobs tax credits: $4.35 million

Type of jobs that qualify: Data scientists, data engineers, software engineers and those who can build applications for smart phones.

Number of jobs company now has: The world’s largest healthcare company employs about 127,100 employees worldwide.

Wages of qualifying jobs: Salaries will average $137,000 a year.

First Wave Closing Fund: $250,000 to attract employees, potentially with a college loan-repayment program similar to Gov. Gina Raimondo's Wavemaker Fellowship program.

The company is likely to seek more First Wave funds at a later date, likely in the "hundreds of thousands" of dollars to help pay lease payments, Commerce Secretary Stefan Pryor said in January.

I-195 Fund: This project will also benefit from the $1 million given to the Wexford Science & Technology project by I-195 Redevelopment District Commission to renovate One Ship St., which Johnson & Johnson is expected to occupy. Initially, Johnson & Johnson will occupy One Ship at no cost to the company, under a short-term, temporary agreement between Wexford, the Commerce Corporation and the I-195 Redevelopment District Commission, Pryor said. Yet to be determined, Pryor said, is whether Johnson & Johnson is considering moving into the innovation complex that Wexford hopes to begin building in the spring of 2017.